James' and Lily's gold

[golden_faile]

No: HPFGUIDX 160818

I think I asked that question about a year ago.... lol. It would 
stand to reason that they do (at least some form of it), since they 
have a bank... it surely would explain where a newly-wed couple, 
just barely out of school and with a one year old, came by all of 
that money.


--- In HPforGrownups at yahoogroups.com, "Eddie" <harryp at ...> wrote:
>
> > montims:
> > Do wizards have insurance?  Quite apart from that, all the money 
James
> > inherited had sat untouched in the Grigotts vault for 11 years,
> acquiring
> > interest...
> 
> Eddie:
> Do the Gringotts' goblins pay interest?  Since it is a bank, I 
assume
> that they do, but this seems inconsistent with the goblin telling
> Harry that they only check the vaults about once every 10 years. 
> (Harry had asked how often they look to see if somebody got 
trapped in
> one.)  How is the interest paid then?
> 
> Lots of possible speculation to follow here without any canon:
> 
> * Do the goblins pay interest at all? (Seems contrary to goblin
> personality)
> 
> * Do the goblins pay interest on the contents of vaults, or are the
> vaults like safety deposit boxes in Muggle banks -- privately 
secure
> contents, but not opened by bank employees nor is interest paid
> 
> * If they do pay interest, is the interest inserted into the vault
> magically?
> 
> * If they do pay interest, then the goblins would need to know the
> exact value (or count of) the contents.  Right?
> 
> * What was the interest on the Philosopher's Stone?
> 
> OK, I guess I'm persuading myself that there was no interest paid 
on
> the Potter's wealth.  But maybe I'm wrong.
> 
> Eddie, who has often wondered why Harry thinks he has no Muggle 
money,
> only Wizarding money.  (I think this came up at the beginning of
> Prisoner of Azkaban, when Harry ran away from Privet Drive and was
> pondering what to do next.)  Harry could probably have gone to
> Gringott's and exchanged Wizarding money to Muggle.  Recall that
> Hermione's parents went to Gringotts and were exchanging Muggle to
> Wizarding money.
>